I’ll be honest it’s not clear to me real estate is necessarily a better investment than say the stock market, certainly not a bad investment but not as hyped as some people make it, you need to decide how much owning your own home is worth to you & also how long you plan to be in the area, if you will be here for the foreseeable future, bite the bullet and buy, if your not sure where you will be in a few years, renting might make more sense.

Would you be able to put a step by step process for what you did maybe bulleted as well? 

Question is, without the land deal, would you have "bitten the bullet"?

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.

Too many people try something for a short time and are looking for the magic bullet strategy but the true winners in real estate are those that do one thing a bunch of times over a long time periodHope that helps!

Instead of doing a 3-yr bullet you may consider making the note adjustable at 1% escalation annually past year 3.

These should be separate bulleted lists you provide to your borrower so they can send to their title company and hazard insurance broker.Now that you showed an interest in lending with no experience, you will no doubt receive DMs from every crackpot and their brother trying to convince you to lend them money.

Help me dodge a bullet.

This is the same kind of content I share on my socials—just summarized here (and with emojis since there aren’t bullet points…Type A problems lol).I always aim to share insights that help investors think strategically about their STR design.